Commentary

A4.570 Penalty for failure to keep records

Administration and compliance

A4.570 Penalty for failure to keep records

Miscellaneous penalties

A4.570 Penalty for failure to keep records

A taxpayer who is served with a notice to deliver a return is required to keep and preserve the records necessary to complete it, including those relating to any claim made in it. A penalty not exceeding £3,000 may be incurred for breach of this obligation1. There is a similar requirement to keep and preserve records supporting a claim which is not made in a return, and the same penalty is incurred for failure to do so2.

If an HMRC officer is satisfied that documentary evidence which has been produced proves

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